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Technology Stocks : HAXS - Health Axis -- Ignore unavailable to you. Want to Upgrade?

To: news_is_here who wrote (55)	8/8/2000 9:52:11 PM
From: Don Hand	Read Replies (1) \| Respond to of 124

UICI (UCI) owns 39% of HAXS's stock(after roll up merger). They reported earnings on Monday with a conference call this morning. The CEO made some very positive remarks about HAXS. You can listen to the replay at 719-457-0820 pass 999852. UCI took a charge in the Qtr from HAXS including a lot of good will. Which means as expected HAXS will report a large loss on Monday. CEO commented that he believes HAXS will be cash positive during Q4. He liked the deal with Digital Insurance (who has deep pockets). There will be a board meeting Wednesday. Included in the meeting will be the status of the merger. He also said that HAXS has been adding customers. He said that HAXS has some work to do but seemed excited about its prospects. HAXS's competition does not have anything on them. My thoughts are that UCI had a lot of clean up to do in its own business and indicated that he took the needed bad news now instead of going forward. That indirectly tells me that the bad is also out of HAXS. During or right after the UCI conference call, a couple of very large blocks of shares traded on HAXS. Given that it was a slight gain on those transaction indicates that they were pre-arranged with the market makers. I am not experienced enough to figure out why 50K blocks could have traded on an up tick without going above $3. Logic would indicate that the mm's were picking all the shares sold under $2.875. Unless someone with a lot of shares were glad to get rid of them even at a loss. Maybe we will go up from here with this positive news.